Settlement reconciliation

Step by step

1. Collect provider evidence Credit Officer

   Credit Officer records incoming provider events with their source identifiers, account, amount and receipt time. Keep statements and settlement notices on the parent instruction.

   • Retains source events for the instruction and account
   • Updates Application evidence, Repayments

2. Match movements Credit Officer

   Credit Officer compares a provider movement with its account and intended instruction. Move it from unmatched to matched only when the provider identity supports the candidate instruction link; record an exception when it does not.

   • Links supported movements to instructions
   • Updates Repayments, Loan accounts, Loan applications

3. Reconcile the effect Independent Credit Approver

   Independent Credit Approver reads the operation receipt and its effect references against persisted source records. A completed result requires the claimed effects to exist.

   • Checks receipt claims against local effects
   • Updates Operation receipts, Loan applications, Application evidence

4. Review the discrepancy Independent Credit Approver

   Independent Credit Approver records the concrete reason when an effect is absent or mismatched. The receipt remains in needs review while the team resolves the case.

   • Preserves the concrete reason for review
   • Updates Operation receipts, Repayments

5. Correct the authorized scope Credit Officer

   Credit Officer requests the correction or cancellation. For scope already executed, Independent Credit Approver authorizes the compensating action with the original source identity.

   • Retains independent authority and original identity
   • Updates Loan applications, Review decisions, Operation receipts
   ApprovalA person approves before the work moves on.

Credit Officer

Prepares the movement match and requests a correction.

Independent Credit Approver

Verifies effects and authorizes a compensating action for executed scope.

Auditor

Inspects the evidence and decision history.